existBaidu Baidu founder, chairman and CEO at the 2024 first quarter earnings callRobin Lidisclose,Following the cooperation with Samsung and Honor in China last quarter, this quarter, Xiaomi, OPPO, vivo and other mobile phone manufacturers have joinedWenxin Large Model APIThe cooperation areas of large models are also expanding from mobile phones to PCs and electric vehicles.Lenovo and NIO also reached a cooperation agreement during the quarterLi Yanhong said that the expansion to smart devices provides ample opportunities for the Wenxin model to be adopted by a larger number of users.
As previously reported, Baidu released its first quarter financial report for 2024 today, with total revenue of 31.5 billion yuan and Baidu Core revenue of 23.8 billion yuan during the reporting period. At the same time, Baidu's net profit (Non-GAAP) was 7.011 billion yuan, a year-on-year increase of 22%, and Baidu Core's net profit (Non-GAAP) was 6.628 billion yuan, a year-on-year increase of 26%, both exceeding market expectations.
The financial report shows that in March 2024, Baidu App had 676 million monthly active users, a year-on-year increase of 3%, and quarterly online marketing revenue of 17 billion yuan.
It is understood that more than a year after its release, the number of users of "Wenxin Yiyan" has exceeded 200 million, and the daily call volume of Wenxin Big Model has also reached 200 million. Baidu has recently launched several lightweight big language models and launched three development tools: Agent Builder, App Builder and Model Builder. Thanks to the mutual promotion of Wenxin Big Model and PaddlePaddle, as of mid-April, the number of developers in the PaddlePaddle community has reached 13 million.
Robin Li, founder, chairman and CEO of Baidu, said, "As the era of generative AI arrives in China, basic models such as the Wenxin Model will become infrastructure and be integrated into every aspect of people's lives. We are making the Wenxin Model series more affordable and efficient. This will bring more opportunities to Baidu."